VALE - Taking off its Veil to reveal a long oversold condition

Swing trades, Long trades OR Intraday trades opportunity here with VALE showing a break out of its channel. If the market sell-off pushes this down longer, the lower fib will be another window for accumulation. I like the financials, the dividend and the sector of this comapny. Bad news has kept this company down but you cannot hold these galliaths down for too long.

The long term cycle analysis seems to provide some substantiation along with MACD.

Good luck all!